VIX struggles... despite equity declines

Despite moderate equity weakness across the day, the VIX was again very subdued (intra low 12.59), settling +1.6% @ 13.62. Near term outlook offers renewed equity upside, which will likely equate to VIX remaining within the 15/11 zone. Certainly, the key 20 threshold looks out of range in the near term.


VIX'60min

VIX'daily3

Summary

*the closing daily spike-floor candle bodes in favour of equity bears, but considering other issues, I find it difficult to envision the VIX above the mid teens before late April.
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Little to add.

Despite net daily equity declines of around -0.5%, the VIX remains very subdued. The big 20 threshold looks out of range for many weeks.
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more later... on the indexes